According to a new study published by Polaris Market Research, the global surgical microscopes market is anticipated to reach over USD 1,740.4 million by 2026. In 2017, the ophthalmic microscopes segment dominated the global market, in terms of revenue. Among regions, North America accounted for the majority share in the global surgical microscopes market.
According to the World Health Organization (WHO), cancer is the
leading cause of death around the globe. Thus, there is a great demand for
surgical microscopes to improve diagnostic efficiency and decide prognosis of a
disease. Moreover, increase in the number of surgeries, advancements in healthcare
facilities, customized microscopy solutions, and technological advancements are
the major factors driving the market growth. Moreover, growth in geriatric
population, rise in adoption of minimally invasive ENT surgeries, and improved
reimbursement policies for ENT surgeries further bolsters the growth of the
market. Furthermore, surge in the number of outpatient facilities and increased
per capita healthcare expenditure of various countries supplement the market
growth.
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In 2009, average health spending reached 9.5% of gross domestic
product, up from 8.8% in 2008. The healthcare spending in most of the OECD
countries has increased by margins greater than the gross domestic product.
Moreover, the U.S. spent USD 1.9733 trillion for health care expenditures in 2005,
which was 15.9% of the gross domestic product (GDP); of which, twenty-nine
percent of the expenditures were allocated to surgical revenues. Thus, increase
in population coupled with expansion of healthcare infrastructure and favorable
scenarios for medical reimbursement programs have led to surge in the adoption
of surgical microscopes. The adoption of surgical microscopes in ENT
application has increased due to rise in prevalence of chronic sinusitis,
growth in geriatric population, increase in adoption of minimally invasive
surgeries, and implementation of favorable reimbursement policies for ENT
surgeries. Technological advancements in surgical microscopes such as
integrating intelligence, video, intraoperative-imaging, and navigation
technologies enable surgeons to improve their decision-making at the point-of-care
(POC) centers and provide best possible outcomes to
patients.
Surgical microscopes have been widely used in ophthalmology, as
these microscopes help surgeons to perform intricate surgeries with precision
and visualize the anatomy of small cavities. Increasing incidence of eyesight
and vision disorders has fueled the use of ophthalmic microscopes across the
globe.
In addition, the dentistry segment is expected to witness
significant growth in the near future, especially in the developing regions due
to increase in the number of out-patient facilities and growing per capita
healthcare expenditure. Growth in neurosurgery & spine surgery application
segments is expected to be driven by surge in research and development
activities related to tissue clearing and targeted cell labeling for brain
functions.
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The governments of various countries have funded research &
development activities to support and promote medical advancements. Moreover,
the healthcare sector of developing countries has witnessed tremendous
development in the recent years. Emerging economies, such as India and China
have increased in their spending on healthcare facilities, which is a positive
indicator for market growth. Thus, market players in the value chain are
optimistic about the growth of the surgical microscope market across emerging
economies in the near future.
The key players profiled in the report are Carl Zeiss AG, Leica
Microsystems, Takagi Corporation, Seiler Precision Microscopes, Topcon
Corporation, Alltion (Wuzhou) Co. Ltd., Alcon Laboratories, Inc., Haag-Streit
Surgical, Olympus Corporation, Accu-scope, Inc., Novartis AG, Danaher
Corporation, Labomed Microscopes, and Prescott’s Inc. The prominent players
operating in the industry have adopted various strategies such as business and
capacity expansion, acquisitions, partnerships, mergers, and application &
product development.
